Waste Management, Inc. (WMI)
Waste Management, Inc. (WMI)
(Last Revised 04/26/01)
| LENS' COMMENTS LENS endorses the merger of Waste Management and USA Waste announced on March 11. Our own calculations demonstrate at least $800 million in savings. It gives both companies' shareholders the best of both worlds. USA Waste has an outstanding management team with enormous credibility in operations and in shareholder value. Selecting four directors from each board and making acting Waste Management CEO Steve Miller the non-executive chairman of the combined company will ensure a smooth transition. The review required to remove any antitrust concerns will enable the company to cherry-pick its strongest operations in key locations. It is important to recognize that this is a real victory for shareholders. Without pressure from shareholders, the old management team and the old board and the old accounting assumptions would still be in place. We look forward to working with the board and management of the new and stronger company. |
RELATED LINKS USA Waste - Waste Management Joint Proxy Filing - 6/9/98 Waste Management & USA Waste Agree to Merge - 3/11/98 |
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